West Texas A & M University Foundation

Organization Overview

West Texas A & M University Foundation is located in Canyon, TX. The organization was established in 1963. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Texas A & M University Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 08/2021, West Texas A & M University Foundation generated $19.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $5.3m during the year ending 08/2021. While expenses have increased by 11.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION SUPPORTS WEST TEXAS A&M UNIVERSITY, AN INSTITUTION OF HIGHER EDUCATION, AND THE STUDENTS OF WTAMU BY RECEIVING AND ADMINISTERING GIFTS FROM THE PUBLIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS PAID DIRECTLY TO WTAMU FOR THE BENEFIT OF SPECIFIC STUDENTS.


UNIVERSITY SUPPORT FOR VARIOUS EDUCATION NEEDS AND MATCHING FUNDS FOR WTAMU ENDOWMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Shyla Buckner
Secretary
$0
Letricia Niegos
Past Preside
$0
Andrew Mitchell
President
$0
Sam Lovelady
Treasurer
$0
Bruce Barrett
Director
$0
Mark E Bivins
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$11,448,314
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$11,448,314
Total Program Service Revenue$0
Investment income $1,442,312
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,526,148
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,964,636

Grants Recieved

Over the last fiscal year, we have identified 2 grants that West Texas A & M University Foundation has recieved totaling $83,562.

Awarding OrganizationAmount
The Gloria K Coon Charitable Trust

Amarillo, TX

PURPOSE: GLORIS K COON CHARITABLE TR SCHOLARS

$73,562
W H & Mary Ellen Cobb Charitable Tr

Dallas, TX

PURPOSE: SUPPORT CHILD CARE

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$55,260,783
Earnings$2,135,800
Net Contributions$5,918,453
Ending Balance$63,315,036

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